Paytm, has announced the appointment of Madhur Deora as its Chief Financial officer (CFO) and Senior Vice President. Formerly with Citigroup Investment Banking as Managing Director, Deora brings experience in identifying new opportunities for emerging businesses and contributing to their growth. At Paytm, he will also be responsible for building and managing the company’s newly formed financial services business.

Deora has over 17 years of investment banking experience, most recently as Managing Director in Mumbai, handling Citi’s TMT and Private equity clients. An Economics student from Wharton School, he has led several important transactions in the internet space. In 2015, he also led the fund-raising discussions for Paytm with Ant Financial.

Speaking on Deora’s appointment, Vijay Shekhar Sharma, Founder and CEO - Paytm said, “Madhur has been a long-term friend and partner of Paytm. I am extremely happy to welcome him onboard. His expertise will help us to build our newly formed financial services business into one of the largest from India."

Commenting on his new role Deora said, “I am looking forward to my journey with Paytm. This is going to be a phenomenal learning experience for me. I have great respect for what the company is building and look forward to using my experience and skills to further support this incredible growth.”